The price has broken above the upper boundary of the triangle and is heading towards the weekly 50 MAs and 100 SMA. The heat map of my oscillator has turned red, indicating an overbought zone signal. A retest of the support level or a correction may be possible in the near future.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.